Rules of the Entrepreneur
Have you ever caught yourself daydreaming while you are at work (or even while you’re spending your free time) about your new business idea? Then probably you are considering to become an entrepreneur and to start up your own business.
But do you know what comes with this lifestyle? Do you want to work harder, but on your own terms? You may have created some plans and scenarios as well? Taking risks in order to be your own boss seems to be more exciting for you than scary?
Now we would like to show you the possible advantages and drawbacks which could emerge with the main issues speaking of entrepreneurship.
- Earnings
Becoming an entrepreneur means you can harvest the benefits of all your hard work: as long as your business is prospering you can make as much money as you do want – of course with having regard to the company’s interest.
On the other hand becoming an entrepreneur means you have to leave behind the security of having a paycheck each month. Especially when first starting up, you may not make any money.
- Decision
As an entrepreneur you are able to make all of the decisions relating to your company by your own. This allows for you a huge degree of independence and a chance to shape your own career.
But keep in mind that the stress level of having to make all the decisions can be overwhelming, especially for someone just starting a company. Every decision you make can affect the prospect of your company’s future. This stress may be unbearable at times and may become a strain on your work life as well as your personal life.
- Flexibility
Having control over your work schedule means that you can choose when to take time off and work the schedule that suits you best. As a freelancer, you can actually work during your most productive hours, and those hours don’t have to fall in during regular business hours.
However, entrepreneurs often have to work very long hours particularly in the start-up phase. Furthermore entrepreneurs’ work schedules are never predictable and they must deal with emergencies that may occur at any time.
- Excitement
Entrepreneurship can be exciting and many entrepreneurs consider their work highly enjoyable. Each day is filled with new opportunities to challenge your abilities, skills, and determination.
But with this high excitement comes high risk attached to entrepreneurship as well. You risk losing everything you have worked for – no need to be surprised that some of the most successful business owners have failed before.
Wouldn’t it be nice, if you could mitigate risks and minimize the effects of potential drawbacks? We have good news for you, because here at DBH SeedStar, with our services and resources what incubation and/or acceleration include, this is exactly what we can help your company with. Check our website to get more details: dbh-seedstar.com
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Source:
Entrepreneur.com
TheAmericanGenius.com
E2-p.eu
IntAdvertising.com
Source.SouthUniversity.edu
